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Indonesian Coal Miner Plans $167m IPO to Finance Coal Boom
Indonesian Atlas Resources is readying a $167 million initial public offering to help finance building supporting infrastructure in its Sumatra coal mining hubs in Muba and Oku.
Indonesian Company to Begin Exporting Coal to China
Indonesia’s Medco Energi Internasional is shortly to start high-caloric thermal coal exports to China later this year.
Australian Coal of Africa Beginning South African Operations
Australian Coal of Africa, (CoAL), is due to resume production at its Vele Colliery project in Limpopo.
Mozambique Transforming Mining Sector Growth Over Five Years
Mozambique’s mining sector is set to be transformed over the period (2010 to 2015) as coal and gold production increase substantially on the back of investment from Vale, Riversdale Mining and Pan African Resources among others, a statement from...
Indian Firm Jindal Signs Contract for a 25 Year Coal License with Mozambique
Mozambique and India’s Jindal Steel & Power on Monday signed a contract formalizing a 25-year license to explore and mine for coal in the Southern Africa nation’s north-western Tete province, in return for a $180 million investment. How People...
China Kingho to Invest $5b in Coal Mining Projects in Mozambique
According to the state-run Radio Mozambique, China Kingho is to invest $5 billion in coal mining projects in the North-western Tete province’s Maravia district. How People Arrived Here: China KingHo
Foreign Firms Show Interest in Benga Coal Project in Mozambique
At least six foreign companies have shown interest in being part of the Banga coal project in Mozambique, to be carried out by a consortium made up of Australia’s Riversdale Mining and India’s Tata Steel, the official Radio Mozambique reported on...
Military Operations Begin on Venezuela’s Western Border to Fight Drug Trafficking
Venezuela has announced the expansion of military operations along its western border in order to fight drug trafficking and protect a recently discovered reserve of coltan from illegal mining. In what is titled Operation Blue Gold, 15,000 Air Force,...
